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ruth is in sandy hook connecticut. >> good morning, bill. i am calling to say, please keep feeling guilty. >> why? >> because this adorable company does things to make sure that they don't pay taxes in the u.s. there is a thing called -- this was in "the new york times." it's double-dutch sandwich which reduces taxes by routing profits through irish subsidarbs like they are in i think arizona, even when they do things in california they manage to ship a part somewhere else. so they are one of the worst, even worse than wal-mart in terms of what they might have contributed to to. i take it that $24,000,000,000. >> they are avoiding in taxes . >> one little tiny thing, they have had the opportunity over the courses of the years to do things in a much safer way when they manufacture in china and all over the place. >> no. there have been stories about the working conditions in china which is another reason i am glad these jobs are coming here. ruth ruth, you make a good point. i feel good about apple but we also have to change the tax laws so t
ruth is in sandy hook connecticut. >> good morning, bill. i am calling to say, please keep feeling guilty. >> why? >> because this adorable company does things to make sure that they don't pay taxes in the u.s. there is a thing called -- this was in "the new york times." it's double-dutch sandwich which reduces taxes by routing profits through irish subsidarbs like they are in i think arizona, even when they do things in california they manage to ship a part...
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Dec 7, 2012
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>> this is the comics benefit for sandy relief. it will be with colin quinn, daryle hammond, susie essman rosy perez, and me. you can come to the actual big show monday night at www.92y/org comics. >> stephanie: do it. >> i think people actually spell susie essman to insult them. >> stephanie: yes. [♪ "world news tonight" theme ♪] >> stephanie: representative washington fox. >> oh yeah. >> stephanie: the republican in north carolina she [ inaudible ] a lonely staff member for daring to step foot in the members only elevator. the regular elevator was being occupied by furniture movers and as soon as fox stepped into the elevator she allegedly demanded to know for who the staffer worked before demanding that she get out. and then she directed to the sign posted in the elevator and said i just hope we are hiring people that know how to read. >> wow! [ applause ] >> stephanie: karl rove will be fax on fox news. >> did a producer get permission. >> stephanie: yeah doing fox business, barney and company. >> nobody watches that. >> st
>> this is the comics benefit for sandy relief. it will be with colin quinn, daryle hammond, susie essman rosy perez, and me. you can come to the actual big show monday night at www.92y/org comics. >> stephanie: do it. >> i think people actually spell susie essman to insult them. >> stephanie: yes. [♪ "world news tonight" theme ♪] >> stephanie: representative washington fox. >> oh yeah. >> stephanie: the republican in north carolina she [...
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Dec 7, 2012
12/12
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so sandy did leave an impact in the data. but i think the report as a whole shows that the economy has been resilient, as i say every month when i'm on your show we're making progress. we're digging our way out of a deep hole. we're not satisfied yet. there's a long way to go. but there are signs that the economy is continuing to heal. >> is it a realistic possibility a year ago today the unemployment rate was 8.7%. today it's 7.7%. is it a realistic possibility, i know you don't like to project numbers, but that we could expect another point drop a year from now? is. >> well, we'll come out with our official projections when the budget comes out but i would say if congress does address the problems that it needs to address concerning the fiscal cliff if we had reasonable resolution type of programs that the president has been proposing to support the economy in the short run, get us on a sustainable fiscal path in the long run, protect the middle class, we're going to continue to see progress in this economy. in fact, i woul
so sandy did leave an impact in the data. but i think the report as a whole shows that the economy has been resilient, as i say every month when i'm on your show we're making progress. we're digging our way out of a deep hole. we're not satisfied yet. there's a long way to go. but there are signs that the economy is continuing to heal. >> is it a realistic possibility a year ago today the unemployment rate was 8.7%. today it's 7.7%. is it a realistic possibility, i know you don't like to...
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Dec 7, 2012
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talking about sandy, there seems to be a lack of sandy effect as some had thought initially. we see a pullback, a little less than half of a percent. we have positive indications there that says the job market is doing better, too. what's your thought here? what drove this unexpected gain in jobs, basically double what some consensus numbers were? >> i think part of it is the data in which it was collected. we had an early thanksgiving so seasonal hiring for the holidays offset the superstorm sandy. in addition, i think -- and where i would differ from jared just a little bit and we rarely do -- the underlying economy is consideri considerably stronger. if you take into account the number of baby boomers that are retiring, that has not been talked about and does effect the labor force participation rate. the broadest measure of unemployment, the unemployed and those who left the workforce fell to 14.7%. so i think things are getting better. what i'm most afraid of is the type of talk we heard from speaker boehner and maxine waters. they are taking us to the cliff on both side
talking about sandy, there seems to be a lack of sandy effect as some had thought initially. we see a pullback, a little less than half of a percent. we have positive indications there that says the job market is doing better, too. what's your thought here? what drove this unexpected gain in jobs, basically double what some consensus numbers were? >> i think part of it is the data in which it was collected. we had an early thanksgiving so seasonal hiring for the holidays offset the...
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Dec 7, 2012
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sandy will have had an affect on this. what we're interested to know is whether or not the fiscal cliff fears had any affect on this. was there less hiring, anybody laying off in anticipation of the fiscal cliff? that will be hard to determine. christine and i will look at the numbers when they come in to see if there's any impact of that. the affect of sandy, 86,000 fewer jobs than we otherwise would have had. we're looking at a much lower number. christine appears to have it right now. we are -- >> lowest unemployment rate since december '08. 7.7%. that's the unemployment rate. surprise there. i'm going to listen to the jobs part of it. >> that is unexpected. we were expecting the unemployment rate to go to 8.0, from 7.9 to 8.0. it's gone the other direction. >> 146,000 jobs created. >> double than what was expected. >> diane s wochlswonk, chief ec. 7.7% is the unemployment rate, 146,000 jobs that have been added. the estimates were completely off. what are the implications of these numbers? >> well, certainly it's reass
sandy will have had an affect on this. what we're interested to know is whether or not the fiscal cliff fears had any affect on this. was there less hiring, anybody laying off in anticipation of the fiscal cliff? that will be hard to determine. christine and i will look at the numbers when they come in to see if there's any impact of that. the affect of sandy, 86,000 fewer jobs than we otherwise would have had. we're looking at a much lower number. christine appears to have it right now. we are...
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Dec 7, 2012
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well, they are better than we thought they would be because it doesn't have any impact of hurricane sandy. there wasn't a big displacement of people looking for work. now, let's get a couple of things down here, though, to start with. there are still 12 million unemployed americans. the unemployment rate fell for reasons that we don't like very much. people leaving the labor force. this is a better report than we expected it to be but still not a great report. >> now the question is, what goes on with the fiscal cliff? could the number get any better? >> i think that is the hope on wall street and republicans that have been talk ug for years and of the business community and to start spending down their profits and there might be a better sort of ofavalanche, if u will. the question is, what does that deal have to look like to unleash those hopes? it probably has to be something permanent and not a punt. >> the republicans talked about two things, though. one, as you say, is about certainty and they say that businesses need that certainty to start hiring but they've also warned that if ta
well, they are better than we thought they would be because it doesn't have any impact of hurricane sandy. there wasn't a big displacement of people looking for work. now, let's get a couple of things down here, though, to start with. there are still 12 million unemployed americans. the unemployment rate fell for reasons that we don't like very much. people leaving the labor force. this is a better report than we expected it to be but still not a great report. >> now the question is, what...
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Dec 7, 2012
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chris and sandy's twin boys were just entering high school. when this case is heard, they will be getting ready to graduate from high school. their moms deserve the same freedom to marry just as everyone else has in this country. and in this country we don't deny a certain portion of our citizens a fundamental right. we just don't. it's not american. >> isn't it true that when we had this in the court in the ninth in the appellate level, nobody came forward because nobody could come up with what you call a justification, some compelling reason. just chat on that point. you raised it. there's no compelling reason against giving the rights to people, the right to marriage. >> that's exactly right, chris. it's important to note in both of these cases, the united states government has refused to defend doma, the federal law that's now before this court, and when we filed the case right here in california as one has to do, we sued the governor at the time which was arnold schwarzenegger and our attorney general at the time which was jerry brown, th
chris and sandy's twin boys were just entering high school. when this case is heard, they will be getting ready to graduate from high school. their moms deserve the same freedom to marry just as everyone else has in this country. and in this country we don't deny a certain portion of our citizens a fundamental right. we just don't. it's not american. >> isn't it true that when we had this in the court in the ninth in the appellate level, nobody came forward because nobody could come up...
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Dec 7, 2012
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what's special about this jobs report is the survey was being taken at the same time hurricane sandy hit. transportation was blocked. power was out for a big swath of the country. factories had to stop producing. the economy particularly in the northeast was a mess. there was no way to survey it well. that, the economists say is why their expectations are so low for tomorrow. the good news is the hurricane's affects are reversing and quickly. the number of people filing new claims for unemployment benefits rocketed in the week of the hurricane. last week fell just as rapidly. we will eventually know what happened to the labor market in november. but as my "washington post" colleague neil irwin writes, probably not until december 21st or so when the state by state jobs numbers come out, that we can filter out the states hit by the hurricane and see what's going on in states where the economy was relatively normal. done. whatever the number is -- time to spare. whatever the number is tomorrow, don't freak out, don't worry about it. at least not yet. and that much freshness is gonna tak
what's special about this jobs report is the survey was being taken at the same time hurricane sandy hit. transportation was blocked. power was out for a big swath of the country. factories had to stop producing. the economy particularly in the northeast was a mess. there was no way to survey it well. that, the economists say is why their expectations are so low for tomorrow. the good news is the hurricane's affects are reversing and quickly. the number of people filing new claims for...
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Dec 7, 2012
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. >> this next picture is superstorm sandy. the president with mike bloomberg and janet napolitano touring the damage. you can just imagine how grim that tom donlon -- i'm not sure if tom is also in the picture. you can see what they're looking at. >> right. you know, the one that -- he's not in this picture, but what jumps in my mind is the criticism that chris christie got over saying nice things when president obama went up to new jersey to tour the devastation. i just think the seriousness that's conveyed in this picture, i almost never say this. there are things in which politics takes a very far back seat. this is one of them. >> take a look at the next picture. we were talking a few minutes ago about possible cabinet choices. there's dennis mcdone noug on the right and jack lou is if he's the treasury secretary and tom lon lan, the national security adviser. the president is so comfortable with these insiders. these are great pictures by pete suza. look at air force one. the president is in marine one coming in behind. t
. >> this next picture is superstorm sandy. the president with mike bloomberg and janet napolitano touring the damage. you can just imagine how grim that tom donlon -- i'm not sure if tom is also in the picture. you can see what they're looking at. >> right. you know, the one that -- he's not in this picture, but what jumps in my mind is the criticism that chris christie got over saying nice things when president obama went up to new jersey to tour the devastation. i just think the...
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. >> if you have cancer and you don't have health insurance, that's hurricane sandy. >> can you name me one person that saved their lives by a handgun? >> millions. >> women are victims of violence all the time. they can make better decisions. >> learn to protect themselves. >> or make better decisions. >> let's get right to our panel now pop toure is a colleague of mine and a host of "the cycle." karen finney and michelle cottle. karen, if i might begin to you, let's start with the breaking news. i want to start with your reaction to news this hour the supreme court will rule on california's gay marriage ban and the defense of marriage act. should same-sex marriage advocates, karen, be nervous or pleased about this? >> i hope that history will show they should be pleased and that this will be the day that, you know, this process where in the same way that loving v. virginia opened up rights for people like my parents to get married, this will be the beginning of the decision where we recognize that same-sex couples should enjoy the same rights and benefits of marriage. i hope it is
. >> if you have cancer and you don't have health insurance, that's hurricane sandy. >> can you name me one person that saved their lives by a handgun? >> millions. >> women are victims of violence all the time. they can make better decisions. >> learn to protect themselves. >> or make better decisions. >> let's get right to our panel now pop toure is a colleague of mine and a host of "the cycle." karen finney and michelle cottle. karen, if i...
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Dec 7, 2012
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according to mark sandy -- mark zandi, without the f.h.a.'s at cyclical part, the housing market would have taken the economy with it. all with providing the backstop. the losses at f.h.a. stem from the now prohibited -- down payment program. heavy losses in the reverse mortgage program and losses and loans made at the height of the crisis to prevent -- of the housing market. while hud has taken some action to prevent the mutual mortgage insurance fund for single family loans from taking federal funds, the f.y. 2012 report suggests that much more needs to be done to prevent such a draw. i want to hear more today about the administration's actions and proposals to manage the risks to taxpayers stemming from -- of business and what safeguards will ensure the quality and sustainability of the new books going forward. the administration's actions and proposals will not be sufficient to restore f.h.a.'s fiscal health. then i plan to work with my colleagues and both sides of the aisle on the banking committee to find a bipartisan way to make that h
according to mark sandy -- mark zandi, without the f.h.a.'s at cyclical part, the housing market would have taken the economy with it. all with providing the backstop. the losses at f.h.a. stem from the now prohibited -- down payment program. heavy losses in the reverse mortgage program and losses and loans made at the height of the crisis to prevent -- of the housing market. while hud has taken some action to prevent the mutual mortgage insurance fund for single family loans from taking...
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Dec 7, 2012
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, who both said it was going to be somewhere between 80,000 and 100,000 jobs -- say that go sandy was worth 80 -- negatively 80,000 to 100,000. you take 146,000 and this could have been a 200-plus number. >> it's interesting because it ties in with consumer data we've been seeing which actually, you know, is not great. it's not buoyant, but it's not bad. and you look at the fact what american households have been doing recently with debt and the degree of debt they've been repaying, sort of deleveraging. you add it together and actually it's not booming but it's not -- >> i want to add if we don't embrace washington and everybody else economic growth we're all in trouble. we can't begin to solve these problems. we have to get back to 4% or 5%. they have policies. medium sized businesses. >> the overall trend over the past several months have been fairly encouraging, right? if you don't own apple stock. >> yeah, the trends -- with the exception of that, i guess. if you owned it for a number of years you've done very well, joe. going through the numbers here a little bit more, looking a
, who both said it was going to be somewhere between 80,000 and 100,000 jobs -- say that go sandy was worth 80 -- negatively 80,000 to 100,000. you take 146,000 and this could have been a 200-plus number. >> it's interesting because it ties in with consumer data we've been seeing which actually, you know, is not great. it's not buoyant, but it's not bad. and you look at the fact what american households have been doing recently with debt and the degree of debt they've been repaying, sort...